USD 2.24 bn growth in Polyester Polyol Market from 2019 to 2024|Technavio

NEW YORK, Nov. 15, 2021 /PRNewswire/ — The polyester polyol market is expected to grow by USD 2.24 bn at…

NEW YORK, Nov. 15, 2021 /PRNewswire/ — The polyester polyol market is expected to grow by USD 2.24 bn at a CAGR of over 5% from 2019 to 2024, according to the latest research report from Technavio. This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. The polyester polyol market is segmented by type (aliphatic polyester polyol and aromatic polyester polyol) and geography (APAC, Europe, North America, MEA, and South America).

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The report on the polyester polyol market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis. The market is driven by the demand from the automotive and construction industries.

The polyester polyol market covers the following areas:

Polyester Polyol Market Sizing

Polyester Polyol Market Forecast

Polyester Polyol Market Analysis

Regional Analysis

APAC was the largest geographic segment of the polyester polyol market in 2019, and the region will offer several growth opportunities to market vendors. According to Technavio, APAC will account for 61% of the growth of the market during the forecast period. China, the US, Japan, and South Korea (Republic of Korea) are the key countries for the polyester polyol market in APAC. The growth of the market in APAC is expected to be faster than the growth of the market in other regions. The market in the region will be driven by factors such as the increasing number of residential, non-residential, and public infrastructure projects, especially in India, China, Malaysia, and other developing countries.

Companies Mentioned

  • BASF SE
  • Covestro AG
  • DIC Corp.
  • Dow Inc.
  • Huntsman Corp.
  • Kansai Paint Co. Ltd.
  • Kuraray Co. Ltd.
  • Purinova Sp zoo
  • Stepan Co.
  • Sumitomo Bakelite Co. Ltd.

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Polyester Polyol Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of over 5%

Market growth 2020-2024

USD 2.24 billion

Market structure

Fragmented

YoY growth (%)

4.91

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 61%

Key consumer countries

China, US, Germany, Japan, and South Korea (Republic of Korea)

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

BASF SE, Covestro AG, DIC Corp., Dow Inc., Huntsman Corp., Kansai Paint Co. Ltd., Kuraray Co. Ltd., Purinova Sp zoo, Stepan Co., and Sumitomo Bakelite Co. Ltd.

Market Dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio